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Rachel Reeves could hit millions with 22% savings tax on stocks and shares ISA - Birmingham Live

Chancellor confirmed the tax-free allowance attached to cash ISAs will be reduced from £20,000 to £12,0000 from April 2027 for under-65s.

Chancellor confirmed the tax-free allowance attached to cash ISAs will be reduced from £20,000 to £12,0000 from April 2027 for under-65s.

4 hours ago·Birmingham, United Kingdom

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Birmingham Mail broke the news in Birmingham, United Kingdom 4 hours ago on Wednesday, January 21, 2026.

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